Apartment for sale in Altea, Alicante

THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Option 1 - Bare Ownership Lump Sum Property Value euro1,150,000 Purchase today* euro575,000 Discount 50% *Inclusive of Buyers Fee OR Option 2 - Sale & Leaseback Property Value euro1,150,000 Purchase today* euro689,500 Discount 40% Guaranteed rental return euro1200 pcm *Inclusive of Buyers Fee THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this lovely detached Villa in Altea, Alicante. The current owners, (73 & 71 years of age) are wishing to free up some of the value in their Spanish home and wanting to sell the Bare Ownership. They will retain the Usufruct and reserve the right to use and enjoy the property for the rest of their lives/ until permanent entry into a nursing home or under state care. They are happy to take a lump sum of euro575,000 in return for selling the Bare Ownership. OR They would consider a Sale and Lease Back option. With this option you would purchase the property for euro689,500, in return the current owners/new tenants will pay a rental return of euro1,200 pcm. What does this mean? This property offers a unique chance to acquire ownership through Nuda Propiedad, a concept meaning "bare ownership." Here's how it works: You purchase a portion of the property's ownership at a discounted price compared to the market value. This creates two ownership rights: Usufruct: The seller retains the right to live in and use the property for a predetermined period, typically their lifetime. Bare Ownership (Nuda Propiedad): You acquire ownership of the property itself but cannot occupy it until the usufruct period ends. Once the usufruct period expires (usually upon the seller's passing), full ownership, including occupancy rights, will transfer to you. This approach allows you to invest in the property's future value at a reduced cost, while the seller enjoys continued use of the property. It's a great way to enter the property market or invest for the mid term. About this Property Altea with its whitewashed house facades, burrows of narrow streets, micro climate and palm lined seafront is one of the most attractive towns in the Valencia region. The property sits over 3 floors and comprises of Spacious Lounge/Dining hall Study Large kitchen with views to sea and mountains. Utility Room 4 double bedrooms all with en suite bathrooms, 5th bedroom has a WC and basin, with room to add a shower. A lift which serves the 3 floors of the main house Central Heating Fully alarmed and cameras There is also a self contained 2 bedroomed apartment, with shower room, kitchen and living area. Underbuild with workshop etc. Plot- 1462 metres; Interior-350 sq metres; Exterior - 450 sq metres Parking for 8 cars Swimming pool Garden Terrace BBQ Magnificent South facing views of sea and mountains This is the ideal investment, low involvement from the investor, virtually risk free, high return property purchase. Buy this house today and watch your investment grow. Easy exit strategy, tax efficient deal.

Apartment for sale in Altea, Alicante

House in camino de l'Horta, Altea Pueblo, Altea

Description

Need Broker Assistance?